News Digest Item
01 Dec 2017

VW to use profits from CO2-heavy SUVs to fund e-mobility

Die Welt

Germany’s largest carmaker, VW, plans to release several new model heavy SUVs, bringing the share of the CO2-intense cars up to 40 percent of total sales, Nikolaus Doll reports for Die Welt. In light of stricter EU emissions limits from 2020, this strategy may seem “absurd”, Doll writes. But brand manager Herbert Diess argues sales of the high-demand vehicles will allow VW to invest over 34 billion euros in “future technologies” – mainly the development e-cars. Diess called the SUVs “our growth and profitability engine” that will generate the funds needed to “finance the transition to e-mobility”.

Read the article in German here.

See the CLEW factsheet Dieselgate forces VW to embrace green mobility and CLEW’s Dieselgate timeline for background.

All texts created by the Clean Energy Wire are available under a “Creative Commons Attribution 4.0 International Licence (CC BY 4.0)” . They can be copied, shared and made publicly accessible by users so long as they give appropriate credit, provide a link to the license, and indicate if changes were made.

We are hiring

  • Journalism Programme Manager
  • European Journalism Project Manager
  • Manager Finanzen & Operatives

Find more details here

Journalism for the energy transition

Get our Newsletter
Join our Network
Find an interviewee